Gold Price Today In India on June 2, 2021: Yellow Metal Slips, Silver Follows Suit

Gold, Silver Price Today, June 2, 2021: Yellow metal futures on MCX fell to Rs 49,363 per 10 gram. Silver futures fell to Rs 71,832 per kg.

Gold and silver prices in India slid slightly owing to a downwards trend in global rates with gold futures on MCX slipping to Rs 49,363 per 10 gram. Silver futures fell 0.6 per cent to Rs 71,832 per kg. In the previous session, gold had risen to over 4-month high of Rs 49,700 per 10 gram. In India, gold rates have jumped about Rs 5,000 in past two months amid global rebound.  In global markets, gold came down after a five-month high as higher US bond yields weighed on precious metal. Strong US economic data also took away some shine off the precious metal. Spot gold was down 0.1 per cent at $1,898.58 per ounce, after hitting a near 5-month high of $1,916.40 on Tuesday. The dollar also strengthened against other currencies.